Henderson Land says parent exercises warrants, lifts stake in firm

HONG KONG, April 12 (Reuters) - Henderson Land Development Co Ltd said on Tuesday that its parent has paid HK$10 billion ($1.29 billion) to exercise warrants for a subscription of 172.4 million shares in the company at HK$58 per share.

The parent, Henderson Development Ltd, controlled by the family of Chairman Lee Shau Kee, also bought 28.2 million Henderson Land shares from the market from March 18 to April 11, it said in a filing with the Hong Kong stock exchange.

For company statement, please click here ($1 = HK$7.769) (Reporting by Alison Leung; Editing by Chris Lewis)